Loveway Incorporated
- Assets
- $2.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 30
- Location
- Middlebury, IN
- Founding
- 09/1974
- Data as of
- 12/2022
- EIN
- 35-1326709
Organization Overview
Loveway Incorporated is located in Middlebury, IN. The organization was established in 1974. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Loveway Incorporated employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loveway Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Loveway Incorporated generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $804.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRANSFORMING THE LIVES OF INDIVIDUALS WITH SPECIAL NEEDS THROUGH COMPASSIONATE THERAPEUTIC EQUESTRIAN EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1.ADAPTIVE RIDING - TEACHES HORSEMANSHIP AND ADAPTIVE RIDING SKILLS TO PARTICIPANTS WITH DISABILITIES TO POSITIVELY IMPACT THEIR DEVELOPMENT PHYSICALLY, COGNITIVELY, EMOTIONALLY, AND SOCIALLY. 2.ADVANCED HORSEMANSHIP - COMBINES EQUINE ASSISTED EXPERIENCES ALONG WITH AN EXPERIENCED-BASED CURRICULUM FOR INDIVIDUALS WITH DISABILITIES TO PROMOTE THE DEVELOPMENT OF LIFE AND EMPLOYABILITY SKILLS. 3.NOSEY NEIGHBOR PROGRAM - DESIGNED TO SERVE THOSE IN OUR COMMUNITY WHOSE DISABILITY LIMITS THEM FROM PARTICIPATING AT LOVEWAY. 4.SERVED 137 INDIVIDUALS IN 2022. 5.172 VOLUNTEERS CONTRIBUTED 4,953 HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Becker Executive Di | Officer | 40 | $67,653 |
Jennifer Anderson Board Member | Trustee | 1 | $0 |
Patsy Boehler Secretary | OfficerTrustee | 1 | $0 |
Adam Christoffersen Vice Preside | OfficerTrustee | 1 | $0 |
Chris Clementz Board Member | Trustee | 1 | $0 |
Andrew Cunningham Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $936,098 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $267,298 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,203,396 |
| Total Program Service Revenue | $8,918 |
| Investment income | $42,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$33,542 |
| Net Income from Fundraising Events | -$81,617 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,139,428 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,653 |
| Compensation of current officers, directors, key employees. | $33,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $378,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $76,333 |
| Payroll taxes | $34,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,944 |
| Advertising and promotion | $15,136 |
| Office expenses | $13,902 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,612 |
| Travel | $2,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,357 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,888 |
| Insurance | $17,170 |
| All other expenses | $24,974 |
| Total functional expenses | $804,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $646,380 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $330,109 |
| Investments—publicly traded securities | $1,695,350 |
| Investments—other securities | $0 |
| Investments—program-related | $176,107 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,847,946 |
| Accounts payable and accrued expenses | $9,395 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,395 |
| Net assets without donor restrictions | $2,838,551 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,847,946 |